IMMOFINANZ GROUP. Third Quarter Results of the Fiscal Year 2010/ March 2011

Transcription

1 IMMOFINANZ GROUP Third Quarter Results of the Fiscal Year 2010/11 30 March 2011

2 Facts & Figures Property Data (Standing Investments) Number of Standing Investments 1,678 Book Value EUR 8.5 bn Lettable Area in sqm 6,705,593 Occupancy rate 89.7% Gross Rental Income Yield 1 6.9% Corporate Data LTV % ICR % NAV (diluted) per share EUR 5.13 Page 2 Note: Data as of 31 January ) Annualised Gross Rental Income of the H1 2010/11 divided by the fair value of standing investments 2) Loan-to-Value: Financial liabilities divided by book value of the property portfolio 3) Interest Coverage Ratio: EBITDA divided by net financing costs

3 Property Portfolio as of 31 January 2011 Property Portfolio Number of Properties Standing Investments in MEUR *) Pipeline Projects in MEUR *) Properties under Construction Inventory Properties in MEUR Property Portfolio in MEUR Property Portfolio in MEUR in % Austria 1,527 3, , % Germany % Czech Republic % Hungary % Poland % Romania % Russia % Slovakia % Others % IMMOFINANZ Group 1,851 8, , % 91.5% 4.2% 1.9% 2.4% 100.0% *) In the Balance Sheet show n under "Investment Properties" and "Assets held for sale" Standing Investments account for 91.5 % of the Property Portfolio 57% of the Property Portfolio is located in Western Europe & the USA

4 Standing Investments Book value of Standing Investments: EUR 8,466.9 Mio. Occupancy rate: 89.7% Gross yield of the Standing Investment Portfolio in Q3 2010/11: 6.9%

5 Properties under Construction Properties under Construction Inventory Properties under construction Number of Properties Number of Properties Book Value in MEUR Book Value in MEUR Open Construction Costs in MEUR Open Construction Costs in MEUR Planned lettable area in sqm Planned sellable area in sqm Expected GDV upon completion in MEUR Austria , Germany , Czech Republic , Poland , Romania , Russia , IMMOFINANZ Group , Expected GDV upon completion in MEUR Austria , Germany , IMMOFINANZ Group , Open Construction Costs (EUR Mio.) fully financed! Expected Gross Development Value (GDV) upon completion: EUR Mio. Focus on eight core markets

6 Project Pipeline Project Pipeline Investments properties Inventory properties Project Pipeline Project Pipeline in % Austria % Germany % Czech Republic % Hungary % Poland % Romania % Slovakia % Others % IMMOFINANZ Group % Top Projects (in terms of Book Value): Longbridge Rocar, RO Office Campus Budapest, HU Longbridge Ventilatorul, RO IRIDE IV Electronica, RO Residential projects, AT Andreasquartier Düsseldorf,DE Key considerations prior to the start of a project: Amount of capital previously invested & the amount of capital required to complete the project Availability of bank financing Level of pre-rentals Other project specific considerations

7 Repayment Schedule as of 31 January 2011 Repayment schedule as of 31 January 2011 Taking into consideration the issuance of the CB2018 and the [partial] buyback of the CB 2014 and CB 2017

8 Results of Q1 Q3 2010/11 +5,6% +4,1% -4,4% +39,2% +3,7% +23,2% +241,9% In EUR Mio. Seite 8

9 Results of Q3 2010/11 +6,8% +24,7% +5,5% +242,6% +110,2% +66,5% +107,2% In EUR Mio. Seite 9

10 Subsequent Events Successful issuance of the Convertible Bond 2018 Volume: EUR 515 Mio. Coupon: 4,25% p.a. Conversion price/ Notional Amount: EUR 4,12 Buyback of the Convertible Bonds 2014 & 2017 in the amount of EUR 465,2 Mio. Conclusion of the Share Buyback Programme 2010/11 Acquisition of 47,350,248 Immofinanz Shares Weighted Average Share Price: EUR Admission to the ATX (Prime Index of the Vienna Stock Exchange) as of 21 March 2011 New Headquarters of IMMOFINANZ Group in the Vienna Twin Towers Seite 10

11 Outlook Increase of rental income through completion of development projects Pipeline projects will be started/ reactivated and used for value and cash flow generation Disposal of non-property assets (financial investments) Disposal of non-core properties Opportunistic Transactions A dividend of EUR 0,10/share is envisaged for FY 2010/11 Seite 11

12 Contact details Investor Relations +43 (0) investor@immofinanz.com Vienna Stock Exchange: ISIN: Reuters: Bloomberg: IIA AT IMFI. VI IIA AV equity DISCLAIMER THIS DOCUMENT IS CONFIDENTIAL AND IS BEING SUPPLIED TO YOU SOLELY FOR YOUR INFORMATION AND MAY NOT BE REPRODUCED, REDISTRIBUTED OR PASSED ON TO ANY OTHER PERSON OR PUBLISHED, IN WHOLE OR IN PART, FOR ANY PURPOSE. This document constitutes marketing material and is not a prospectus and does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of IMMOFINANZ AG nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision in relation thereto. This document includes forward-looking statements. These statements are based on current expectations and projections about future events. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance, or achievements of IMMOFINANZ AG, or industry results, to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements. IMMOFINANZ AG does not intend, nor assumes any obligation, to update industry information or forward-looking statements set forth in this presentation. NEITHER THIS DOCUMENT NOR ANY COPY OF IT MAY BE TAKEN OR TRANSMITTED INTO AUSTRALIA, CANADA OR JAPAN OR OTHER JURISDICTIONS WHERE THE DISTRIBUTION OF THIS DOCUMENT MAY BE RESTRICTED BY LAW. PERSONS INTO WHOSE POSSESSION THIS DOCUMENT COMES SHOULD INFORM THEMSELVES ABOUT, AND OBSERVE, ANY SUCH RESTRICTIONS. BY ACCEPTING THIS REPORT YOU AGREE TO BE BOUND BY THE FOREGOING LIMITATION. Seite 12